Reserve, now as cheap as we expect.

Warning: our thoughts are ours; not financial advice.

In our past reserve analysis, we expected the RSR to make a pullback to 4 cents. Thankfully, it trades even lower.

However, it needs to remain in its channel that began on 9th January 2021.

If it holds, the potential short-term target for us would be 8 cents.

However, if we break this channel to the downside, we could see RSR fall even further to 2 cents.